Sq.ft
MLS NUMBER
406539
LISTING DATE:
38 Days Ago
LOT SIZE
0 Acres
AREA:
Belgrade
PRICE
$1,200,000
GARAGE
SUBDIVISION:
N/A
LEVEL / STORIES:
N/A
TYPE
N/A
STATUS:
Active
YEAR BUILT:
1904
DOWNTOWN BELGRADE NNN LEASED INVESTMENT PROPERTY W/ A 10 YEAR LEASE AT 6%+ CAP RATE! Looking for a solid long-term income stream? Want an ideal location? Prefer multi-tenant to hedge the risk of vacancy? Like a hedge against inflation with annual increases tide to CPI? Desire value-add opportunity with room to expand? Enjoy working with creative, open-minded Sellers? This property has it all! It is a 4000sf building with the possibility of expansion in block 1 of the original townsite of Belgrade, MT across the street from the large public parking lot. The main floor tenant (over 70% of the current leasable space) recently signed a 10-year absolute NNN lease with annual CPI (with 3% minimum) increases. 5 of 6 upstairs (could easily be 8) smaller offices leased on 1yr NNN leases (with one being a gross lease). $76,000+ NOI! Don’t be the one to say “You know, I could have owned a part of downtown Belgrade, MT., right on Main Street. But I hesitated when I had the chance. Dirty word, dirty word!” Call on this one today.
Listing courtesy of: Realty Executives
(Data provided by Gallatin-BigSky-BSC data)